This playboy image has always been a caricature, albeit one that was easy to paint, partly because Mr Ellison has done so much to create it.

ECONOMIST: Face value

That is partly because debt is now falling, albeit slowly.

ECONOMIST: Fanfare for the euro | The

Just take a look at this if you want to see an example of that very fundamental change of heart - albeit in relation to Scotland - and if you want to understand, partly at least, what might be behind it.

BBC: Enthusiasm trickling down on devolution in Wales